Kotak Mahindra Bank saw a sharp decline of 10% in its share price as the Reserve Bank of India (RBI) imposed restrictions on the bank, preventing it from onboarding new customers online and issuing fresh credit cards due to IT system deficiencies in 2022 and 2023. Analysts anticipate adverse impacts on the bank’s growth, particularly in customer acquisition and fee income. Kotak Mahindra Bank reassured existing customers of uninterrupted services but faces challenges ahead, with analysts advising caution and potential reevaluation of investments.